Campus Acquisitions Tops Up $25M Hi-Rise Near Univ. of Arizona

The $25 million student housing that Chicago-based Campus Acquisitions is developing near the University of Arizona has recently topped out at 14 stories high. Expected to open in late summer of 2013, the 300,000 square-foot upscale project will include 176 units and house about 550 students.

The $25 million student housing that Chicago-based Campus Acquisitions is developing near the University of Arizona has recently topped out at 14 stories high. Expected to open in late summer of 2013, the 300,000 square-foot upscale project will include 176 units and house about 550 students.

Dubbed Level, the project represents Phase I of two student housing projects that Campus Acquisitions plans to develop adjacent to the University of Arizona in Tucson. The property will feature 93 parking spaces, and amenities on levels 2, 13, and 14, including a rooftop pool, tanning beds, sauna, steam room, outdoor grilling stations, meditation areas and fitness center with views of Tucson, according to Student Housing Business Magazine.

Units will feature floor-to-ceiling windows, balconies, stainless steel appliances, quartz countertops, hardwood floors, modern furnishings and flat-screen TVs. The exterior of the building will feature brick and modern materials such as metal, glass and aluminum. Phoenix-based Shepley Bulfinch served as the architects of the two student properties, while UEB of Scottsdale is the general contractor for both projects.

The project is only the first phase of a greater redevelopment plan near the UA campus. The second phase includes a 13-story student housing tower at 1031 N. Park Ave. Construction on that phase is planned to start in early 2013 with an opening date settled for the fall of 2014, according to the developer’s website.